John Evans contends that the regulatory relationship that has evoh'ed between the SEC and tie accounting profession has resulted in satisfactory accounting standards by enabling the goternment to utilze the expertise within the accounting profession at linted expense to the governnent. He supports the Conussion's position that the accounting profession should be given the opportiunit to self -r...

Textual documents proliferate throughout accounting practice, and a wide variety of groups make financial decisions based on written guidance. The Generally Accepted Accounting Principles GAAP , along with annual corporate financial statements and other reporting narratives, are important sources of such guidance and information. This paper examines the literature in two major areas relevant to...

Michael Barrett. Jr. discusses whether private accounting standards have implemented the disclosure mandates of the Securities Acts. He outlines the issues in the SEC's delegation of public authority to the accounting profession as a prelude to the House Subcommittee on Oversight and Investigations' constderatt of accounting disclosure standards. Barrett notes that the most important aspect of ...

Many of the Financial Accounting Standards Board's (FASB's) recent standards and ongoing projects emphasize fair value measurement in an attempt to increase the relevance of financial statements. This can be seen as part of the FASB's broader emphasis on decision usefulness. Arguably, these same standards and projects have reduced or have the potential to reduce the reliability of accounting, a...

Institutional efforts in the U.S. to develop a conceptual framework for business enterprises can be traced to the Paton and Littleton monograph in 1940 and later to the two Accounting Research Studies by Moonitz and Sprouse in 1962-1963. A committee of the American Accounting Association issued an influential report in which it advocated a “decision usefulness” approach in 1966, which was carri...

Design of contracts that define firm, and their accounting systems depend on the conditions in the firm’s factor and product markets. We examine the fundamental difficulty of defining and developing "uniform" accounting for diverse economic environments across countries and compare the differences in conditions prevailing in some key markets in Japan and the United States. There are important d...

This paper presents a prototype system to support the temporal reconstruction of financial accounting standards (FASs). The FASs have been subject to rapid expansion, increased complexity and frequent changes (amendments), which in combination make it difficult to determine the accurate rendering of FASs at specific points in time. The prototype allows a user to specify an FAS (e.g., SFAS 35) a...

in management accounting information systems, managers use accounting information systems to be able to predict or have the data structured by the use of decision support systems and business intelligence. so, the use of management accounting information systems is necessary in management decision-making process based on decision support and business intelligence. this paper reviews the liter...

This paper explores the differences between the Russian and western accounting systems. As western hospitality companies enter the markets of the former Soviet Union this understanding will be imperative. Under the Soviet government the hospitality industry in Russia was very poorly developed. After the collapse of the U.S.S.R in 1991 many businesses in Russia including hotels and restaurants f...